Entrepreneur
Name
Samwel
Member since
July 2016
On-time repayments
268 installments • 66%
About Me
I am Mr. Samwel Nyangi. I am a building technician by profession and my main professional duties include supervision of buildings on construction sites.
I hail from Rongo Village, Homa Bay County in Nyanza region of Kenya. The main economic activity in Rongo is fishing at Lake Victoria. Lake Victoria is the second largest freshwater lake in the world, hence a main tourist attraction in Kenya. Other tourist attraction sites in my area include Ruma National Park bordering Lake Victoria. The Luo community is well known for a rich cultural heritage not limited to traditional songs, dances, dressing,rituals, etc. Nyanza region hence poses as a strong attraction destination for tourists.
My Business
I identified a gap in the building and construction sector especially in the supply of building materials and inputs. Hence, I got into the business of making and supplying man made bricks which are more cost effective and affordable compared to other bricks naturally mined and supplied by big firms. My business targets middle and low income earners who can hardly afford to buy bricks from big firms. My business offers customized solutions to the customers.
My business has a cash flow of $1500 per month with the major revenue coming from sales of man made bricks and supply of labour. I plan to repay the loan using proceeds from my business.
Loan Proposal
based on the status of my business i will used the new loan to purchase an interlocking machines , which is costing kshs 120,000, /1,200 dollars , after asuccessfull funding god willing i will get some cash from my saving to up on the funding to enable me purchase the machine this is due the demand of interlocking bricks in the constructions industry as now.
this will enable increase my daily production by 30%, also it will lower the productions expenses by 40 % on the manpower labor expense.
About Me
I am Mr Samwel Nyangi , am a building technician by profession and my main professional duties include supervision of buildings on construction sites.
I hail Rongo village homa bay county in nyanza region of Kenya,The main economic activities in Rongo is fishing at Lake vistoria,Lake victoria is the second largest fresh water lake in the world hence a main tourist attaction in kenya.Other tourist attaction site in my area include ruma national park bordering lake victoria.,I Luo community well for a rich cultural heritage not limited traditional songs,dances,dressing,rituals etc.Nyanza region hence pose as a strong attraction destination for tourists
My Business
I identified a gap in building and construction sector especially in supply of building materials and inputs,hence i got into the business of making and supplying man made bricks which more cost effective and affordable compared to other bricks naturally mined and supplied by big firms.
My business targets middle and low income earners who can hardly afford to buy bricks from big firms ,My business offers customized solutions to the customers.
My business has a cash flow of $ 1500 per month with the major revenue coming from sales of man made bricks and supply of labour.
My main aim for requesting for the loan is help me replenish my inventory,I plan to repay the loan using proceeds from my business
Loan Proposal
based on the status of my business i will used the new loan to purchase an interlocking machines , which is costing kshs 120,000, /1,200 dollars , after asuccessfull funding god willing i will get some cash from my saving to up on the funding to enable me purchase the machine this is due the demand of interlocking bricks in the constructions industry as now.
this will enable increase my daily production by 30%, also it will lower the productions expenses by 40 % on the manpower labor expense.
Feedback
Positive
None
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$1,100.00
Date disbursed
May 12, 2018
Repayment status
On Time
Projected term
19 months
Other loans
Lenders
Norway
United States
Summary
Amount repaid
$1,100.95
Amount remaining
$0.00
Date repaid
Dec 3, 2019
Status
Fully repaid
Repayment History
| Expected Payments | Actual Payments | ||
|---|---|---|---|
| May 25, 2018 | $42.34 | May 30, 2018 | $42.34 |
| Jun 1, 2018 | $5.94 | May 30, 2018 | $5.94 |
| Jun 8, 2018 | $20.21 | Jun 13, 2018 | $20.21 |
| Jun 15, 2018 | $42.34 | Jun 13, 2018 | $42.34 |
| Jun 22, 2018 | $42.34 | Jun 13, 2018 | $1.50 |
| Jun 23, 2018 | $40.85 | ||
| Jun 29, 2018 | $42.34 | Jun 23, 2018 | $3.50 |
| Jul 7, 2018 | $38.85 | ||
| Jul 6, 2018 | $42.34 | Jul 7, 2018 | $3.53 |
| Jul 18, 2018 | $38.82 | ||
| Jul 13, 2018 | $5.85 | Jul 18, 2018 | $0.60 |
| Jul 21, 2018 | $5.25 | ||
| Jul 20, 2018 | $0.00 | ||
| Jul 27, 2018 | $0.00 | ||
| Aug 3, 2018 | $29.57 | Aug 7, 2018 | $29.57 |
| Aug 10, 2018 | $42.34 | Aug 7, 2018 | $4.92 |
| Aug 14, 2018 | $37.43 | ||
| Aug 17, 2018 | $1.99 | Aug 14, 2018 | $1.99 |
| Aug 24, 2018 | $4.93 | Aug 24, 2018 | $4.93 |
| Aug 31, 2018 | $5.91 | Aug 31, 2018 | $5.91 |
| Sep 7, 2018 | $9.85 | Sep 7, 2018 | $9.85 |
| Sep 14, 2018 | $3.84 | Sep 12, 2018 | $3.84 |
| Sep 21, 2018 | $9.85 | Sep 21, 2018 | $9.85 |
| Sep 28, 2018 | $4.93 | Sep 21, 2018 | $4.93 |
| Oct 5, 2018 | $0.00 | ||
| Oct 12, 2018 | $0.00 | ||
| Oct 19, 2018 | $0.00 | ||
| Oct 26, 2018 | $0.00 | ||
| Nov 2, 2018 | $0.00 | ||
| Nov 9, 2018 | $4.93 | Nov 11, 2018 | $4.93 |
| Nov 16, 2018 | $0.00 | ||
| Nov 23, 2018 | $0.00 | ||
| Nov 30, 2018 | $0.00 | ||
| Dec 7, 2018 | $0.00 | ||
| Dec 14, 2018 | $0.00 | ||
| Dec 21, 2018 | $9.85 | Dec 18, 2018 | $9.85 |
| Dec 28, 2018 | $4.93 | Jan 26, 2019 | $4.93 |
| Jan 4, 2019 | $0.00 | ||
| Jan 11, 2019 | $0.00 | ||
| Jan 18, 2019 | $0.00 | ||
| Jan 25, 2019 | $0.00 | ||
| Feb 1, 2019 | $5.42 | Jan 28, 2019 | $5.42 |
| Feb 8, 2019 | $5.42 | Feb 6, 2019 | $5.42 |
| Feb 15, 2019 | $5.42 | Feb 21, 2019 | $5.42 |
| Feb 22, 2019 | $5.42 | Feb 21, 2019 | $5.42 |
| Mar 1, 2019 | $24.64 | Mar 26, 2019 | $24.64 |
| Mar 8, 2019 | $0.00 | ||
| Mar 15, 2019 | $0.00 | ||
| Mar 22, 2019 | $0.00 | ||
| Mar 29, 2019 | $9.85 | Mar 29, 2019 | $9.85 |
| Apr 5, 2019 | $9.85 | Apr 8, 2019 | $9.85 |
| Apr 12, 2019 | $9.85 | Apr 12, 2019 | $9.85 |
| Apr 19, 2019 | $9.85 | Apr 25, 2019 | $9.85 |
| Apr 26, 2019 | $9.85 | Apr 25, 2019 | $9.85 |
| May 3, 2019 | $4.93 | Jun 14, 2019 | $4.93 |
| May 10, 2019 | $0.00 | ||
| May 17, 2019 | $0.00 | ||
| May 24, 2019 | $0.00 | ||
| May 31, 2019 | $0.00 | ||
| Jun 7, 2019 | $0.00 | ||
| Jun 14, 2019 | $0.00 | ||
| Jun 21, 2019 | $9.85 | Jul 4, 2019 | $9.85 |
| Jun 28, 2019 | $0.00 | ||
| Jul 5, 2019 | $161.12 | Jul 5, 2019 | $161.12 |
| Jul 12, 2019 | $58.63 | Jul 5, 2019 | $1.48 |
| Jul 5, 2019 | $57.15 | ||
| Jul 19, 2019 | $9.85 | Jul 26, 2019 | $9.85 |
| Jul 26, 2019 | $9.85 | Aug 2, 2019 | $9.85 |
| Aug 2, 2019 | $0.00 | ||
| Aug 9, 2019 | $9.85 | Aug 12, 2019 | $9.85 |
| Aug 16, 2019 | $9.85 | Aug 31, 2019 | $9.85 |
| Aug 23, 2019 | $9.85 | Aug 31, 2019 | $9.85 |
| Aug 30, 2019 | $0.00 | ||
| Sep 6, 2019 | $9.85 | Sep 14, 2019 | $9.85 |
| Sep 13, 2019 | $9.85 | Sep 14, 2019 | $9.85 |
| Sep 20, 2019 | $9.85 | Sep 14, 2019 | $9.85 |
| Sep 27, 2019 | $9.85 | Sep 27, 2019 | $9.85 |
| Oct 4, 2019 | $9.85 | Oct 9, 2019 | $9.85 |
| Oct 11, 2019 | $10.84 | Oct 14, 2019 | $10.84 |
| Oct 18, 2019 | $10.84 | Oct 14, 2019 | $0.99 |
| Oct 18, 2019 | $9.85 | ||
| Oct 25, 2019 | $13.30 | Oct 30, 2019 | $13.30 |
| Nov 1, 2019 | $13.30 | Oct 30, 2019 | $13.30 |
| Nov 8, 2019 | $14.78 | Nov 8, 2019 | $14.78 |
| Nov 15, 2019 | $0.00 | ||
| Nov 22, 2019 | $0.00 | ||
| Nov 29, 2019 | $19.71 | Dec 3, 2019 | $19.71 |
| Dec 6, 2019 | $19.71 | Dec 3, 2019 | $19.71 |
| Dec 13, 2019 | $19.71 | Dec 3, 2019 | $19.71 |
| Dec 20, 2019 | $173.43 | Dec 3, 2019 | $173.43 |
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